Offloading SoB shares to begin under present govt

Finance Minister AMA Muhith on Thursday said that introducing private partnership in the state-owned banks through offloading of shares will begin within the tenure of the present government. “Such process is already in place at Rupali Bank to some extent while the opportunity is yet to be created in the rest of three state-owned banks (Sonali, Janata and Agrani). The Finance Minister made the remarks while addressing the inaugural session of the Annual Conference 2014 of Janata Bank Ltd at a city hotel. Muhith said the decision was taken long ago over the state-owned banks that the government will retain its authority over these banks as shareholders, but their management will be commercial, like other commercial banks are being operated in the country, according to UNB.